ISO 9001:2015

Leveraging Artificial Intelligence to Minimize Operating Costs in the Commerce Sector

Reeta Chawla

Artificial Intelligence (AI) is playing a pivotal role in transforming the economic and technological landscape of India. With its rapid integration across diverse sectors, AI is becoming a cornerstone of innovation and progress. In the commerce sector, in particular, AI is emerging as a game-changer by streamlining operations, reducing costs, and enhancing decision-making processes. Business owners and entrepreneurs are increasingly leveraging AI tools to automate routine tasks, analyze market trends, manage inventory, and optimize customer experiences. These applications not only improve operational efficiency but also lead to significant cost savings. Research and industry insights suggest that effective use of AI over a span of just 6 to 8 months within a financial year can reduce operating costs by approximately 15% to 40%, thereby increasing profit margins substantially. Due to these qualities of Artificial Intelligence, today Indian companies like TCS, infosys, Reliance Jio, ICICI etc. are using it very efficiently. And by using Artificial Intelligence in the right way, these companies can not only reduce their operating costs but can also get golden opportunities for profit in the future.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download